Tobam Boosts Stake in YY Inc (YY)

Tobam raised its stake in YY Inc (NASDAQ:YY) by 34,125.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 70,846 shares of the information services provider’s stock after buying an additional 70,639 shares during the period. Tobam’s holdings in YY were worth $3,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of YY by 0.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 50,179 shares of the information services provider’s stock valued at $2,674,000 after buying an additional 227 shares in the last quarter. DIAM Co. Ltd. boosted its position in shares of YY by 12.5% in the third quarter. DIAM Co. Ltd. now owns 2,700 shares of the information services provider’s stock valued at $141,000 after buying an additional 300 shares in the last quarter. Marshall Wace LLP boosted its position in shares of YY by 3.6% in the fourth quarter. Marshall Wace LLP now owns 14,386 shares of the information services provider’s stock valued at $567,000 after buying an additional 494 shares in the last quarter. Profund Advisors LLC boosted its position in shares of YY by 6.0% in the third quarter. Profund Advisors LLC now owns 11,504 shares of the information services provider’s stock valued at $613,000 after buying an additional 650 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of YY by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,289 shares of the information services provider’s stock valued at $3,610,000 after buying an additional 1,305 shares in the last quarter. 44.44% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for YY (NASDAQ:YY)

YY Inc (NASDAQ:YY) traded up 4.27% during trading on Friday, hitting $53.43. The company had a trading volume of 1,173,662 shares. The firm has a 50-day moving average of $48.89 and a 200 day moving average of $45.31. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.71 and a beta of 1.11. YY Inc has a 12-month low of $31.07 and a 12-month high of $57.22.

YY (NASDAQ:YY) last announced its quarterly earnings data on Tuesday, March 14th. The information services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.44. YY had a return on equity of 33.65% and a net margin of 17.18%. The business had revenue of $357.79 million during the quarter, compared to analysts’ expectations of $354.96 million. On average, equities research analysts forecast that YY Inc will post $4.96 earnings per share for the current year.

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YY has been the subject of several research reports. Zacks Investment Research raised YY from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Thursday, April 13th. JPMorgan Chase & Co. cut YY from an “overweight” rating to a “neutral” rating and raised their target price for the company from $56.00 to $60.00 in a research note on Thursday, May 11th. Jefferies Group LLC initiated coverage on YY in a research note on Wednesday, February 8th. They set a “hold” rating and a $45.00 target price for the company. Benchmark Co. initiated coverage on YY in a research note on Tuesday, April 18th. They set a “buy” rating and a $60.00 target price for the company. Finally, CICC Research cut YY to a “hold” rating and set a $60.00 target price for the company. in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $57.83.

YY Company Profile

YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

12 Month Chart for NASDAQ:YY

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